KLAAS GOVAERT: what changed
KLAAS GOVAERT
Largest movements
- Cash +€11,818
up €11,818 (+76.7%), from €15,404 to €27,222
mainly Net result for the year (+€14,903) and Advances received (+€7,127)
- Stocks and contracts +€4,875
up €4,875 (+1,300%), from €375 to €5,250
of which Contracts in progress: +€4,750
- Tangible fixed assets +€2,202
up €2,202 (+26.1%), from €8,421 to €10,623
of which Other tangible fixed assets: +€3,551
- Receivables within one year -€2,082
down €2,082 (-17.1%), from €12,164 to €10,082
of which Trade receivables: -€1,673
- Reserves +€11,500
up €11,500 (+48.9%), from €23,500 to €35,000
- Advances received +€7,127
new in 2025: €7,127
- Other debts -€3,284
down €3,284 (-39.6%), from €8,285 to €5,000
- Tax, wage and social debts +€1,218
up €1,218 (+115%), from €1,057 to €2,275
- Gross operating margin +€6,203
up €6,203 (+34.6%), from €17,948 to €24,151
- Depreciation -€5,710
down €5,710 (-72.4%), from €7,891 to €2,181
- Taxes +€3,281
up €3,281 (+128%), from €2,561 to €5,841
- Other operating charges +€484
up €484 (+53.4%), from €905 to €1,389
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,199 | €58,960 | +€16,762 | +39.7% |
| Fixed assets | 21/28 | €8,421 | €10,623 | +€2,202 | +26.1% |
| Tangible fixed assets | 22/27 | €8,421 | €10,623 | +€2,202 | +26.1% |
| Plant, machinery and equipment | 23 | €2,932 | €1,583 | -€1,349 | -46.0% |
| Other tangible fixed assets | 26 | €5,489 | €9,040 | +€3,551 | +64.7% |
| Current assets | 29/58 | €33,777 | €48,337 | +€14,560 | +43.1% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €375 | €5,250 | +€4,875 | +1,300% |
| Stocks | 30/36 | €375 | €500 | +€125 | +33.3% |
| Contracts in progress | 37 | - | €4,750 | +€4,750 | |
| Amounts receivable within one year | 40/41 | €12,164 | €10,082 | -€2,082 | -17.1% |
| Trade receivables | 40 | €10,025 | €8,352 | -€1,673 | -16.7% |
| Other amounts receivable | 41 | €2,139 | €1,731 | -€409 | -19.1% |
| Cash at bank and in hand | 54/58 | €15,404 | €27,222 | +€11,818 | +76.7% |
| Deferred charges and accrued income | 490/1 | €834 | €784 | -€51 | -6.1% |
| Total equity and liabilities | 10/49 | €42,199 | €58,960 | +€16,762 | +39.7% |
| Equity | 10/15 | €30,902 | €42,555 | +€11,653 | +37.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,500 | €35,000 | +€11,500 | +48.9% |
| Distributable reserves | 133 | €23,500 | €35,000 | +€11,500 | +48.9% |
| Profit (loss) carried forward | 14 | €1,202 | €1,355 | +€153 | +12.7% |
| Amounts payable | 17/49 | €11,297 | €16,405 | +€5,109 | +45.2% |
| Amounts payable within one year | 42/48 | €11,297 | €16,405 | +€5,109 | +45.2% |
| Trade debts | 44 | €1,956 | €2,003 | +€48 | +2.4% |
| Suppliers | 440/4 | €1,956 | €2,003 | +€48 | +2.4% |
| Advances received on contracts in progress | 46 | - | €7,127 | +€7,127 | |
| Taxes, remuneration and social security | 45 | €1,057 | €2,275 | +€1,218 | +115% |
| Taxes | 450/3 | €1,057 | €2,275 | +€1,218 | +115% |
| Other amounts payable | 47/48 | €8,285 | €5,000 | -€3,284 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,891 | €2,181 | -€5,710 | -72.4% |
| Other operating charges | 640/8 | €905 | €1,389 | +€484 | +53.4% |
| Gross operating margin | 9900 | €17,948 | €24,151 | +€6,203 | +34.6% |
| Operating profit (loss) | 9901 | €9,152 | €20,582 | +€11,430 | +125% |
| Financial income | 75/76B | €309 | €502 | +€193 | +62.4% |
| Recurring financial income | 75 | €309 | €502 | +€193 | +62.4% |
| Financial charges | 65/66B | €177 | €340 | +€163 | +92.4% |
| Recurring financial charges | 65 | €177 | €340 | +€163 | +92.4% |
| Profit (loss) for the period before taxes | 9903 | €9,285 | €20,744 | +€11,460 | +123% |
| Income taxes | 67/77 | €2,561 | €5,841 | +€3,281 | +128% |
| Profit (loss) for the period | 9904 | €6,724 | €14,903 | +€8,179 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €6,724 | €14,903 | +€8,179 | +122% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.